Top Consumer Stocks
Consumer stocks have turned mixed in recent trade, with shares of consumer staples companies in the S&P 500 dropping almost 0.3% while shares of consumer discretionary firms in the S&P 500 were up nearly 0.1%.
In company news, Autobytel ( ABTL ) sputtered and ran out of gas on Friday, with shares of the vehicle marketing services company falling below $7 each for the first time since October 2013 - today reaching a session low of $6.63 a share - after slashing its FY17 financial outlook below Wall Street expectations.
Excluding one-time items, the company is now projecting FY17 per-share earnings in a range of $0.78 to $0.82, down from its prior view expecting net income between $1.24 to $1.28 per share and trialing the Capital IQ consensus looking for a $1.24 per share profit this year.
It also cut its revenue forecast by $12 million from prior guidance to a new span of $144 million to $148 million. Analysts, on average, have been expecting $156.1 million in revenue for the company during FY17.
Non-GAAP Q2 net income slipped to $0.19 per share from $0.23 per share last year but matching the Capital IQ consensus for the April-to-June period. Revenue was little changed from last year at $34.6 million, also largely in-line with the $34.3 million consensus.
In other sector news,
(+) WTW, (+23.1%) Q2 EPS of $0.67 rolls past three-analyst mean expecting just $0.16 per share. Revenue rises 10.2% to $341.7, also exceeding the $329.55 consensus. Increases projected FY17 EPS to a range of $1.57 to $1.67 a share, topping Street view by at least $0.23 per share.
(-) NGVC, (-33.8%) Adjusted Fiscal Q3 EPS of $0.03 misses consensus call by $0.08 per share. Net sales climbs 8.6% to $194.7 mln, narrowly lagging the $196.3 mln analyst mean.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.